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Robosigner

noun; blending and clipping
Uneducated individuals hired simply to sign off on mortgages
 
Uneducated individuals, many of whom did not even know what a mortgage was, who were hired by banks to quickly sort through and sign off on mortgage papers. They were blamed for many of foreclosures which forced American families to lose their homes. The scandal has resulted in many lawsuits against the banks.
Etymology : Clipping and blending of robot and signer
Source : Only a handful of depositions from robosigners have come to light. - Yahoo News (October 13, 2010)
Last modified: 8 December 2010


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